Reported 2 days ago
In a landscape where electric vehicles (EVs) made up 8.1% of U.S. sales in 2024, BorgWarner Inc. (NYSE:BWA) has emerged as a leading contender among small-cap EV stocks. With a market capitalization of $6.65 billion and solid performance metrics, including a revenue increase driven by a 47% rise in electric product sales, BorgWarner’s strategic pivots and strong management have led analysts, like JPMorgan, to boost their price target on the stock. Despite some market challenges, BWA ranks first on a curated list of small-cap EV stocks suggested for investment, indicating its robust position within the evolving automotive landscape.
Source: YAHOO